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    132 Main St Elkton, MD 21921

    • Retail space
    • 1,144 SF
    • 0.05 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimation
    $245,000
    Last Sale
    Aug 16, 2021
    $185,000
    Location Intelligence
    Property ID
    US40-0491148
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Avalon Custom Builders / Custom Home Builder

    Property Details for 132 Main St

    Year built
    1920
    Construction
    BRICK
    Lot size
    0.05 lot acres
    Property size
    1,144 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    03-082245
    APU
    3082245

    Description

    This 9,084 square foot retail or restaurant space at 132 W Main St, Elkton, MD 21921, is situated in a high-traffic area within Cecil County. The property, built in 2003, is classified as Class C and features a single tenancy with 3,700 square feet currently vacant. The lot size is 0.3 acres and includes two paved parking spaces. The building boasts excellent street frontage with ample window space, enhancing visibility for potential businesses. A significant advantage is the inclusion of a 600 square foot outdoor deck overlooking the rear of the property, providing additional space for outdoor seating or other uses. The property is zoned TC - Town Center, making it suitable for a variety of commercial uses, including cafes, coffee shops, restaurants, and retail shops. The property's location in the heart of Elkton, a growing town, presents a strong opportunity for businesses seeking high visibility and convenient access to customers. The APN is 03-038580. This property offers a unique blend of indoor and outdoor space, ideal for businesses seeking to maximize their customer experience and brand presence.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $235,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $285,000
      Mixed-Use
      $255,000
      Hospitality
      $280,000
      Educational
      $230,000
      Residential Income
      $255,000
      Energy
      $285,000
      Income-Based Land
      $290,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Cecil
    State
    Maryland
    Longitude
    -75.8286
    Latitude
    39.6081
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,876
    $0.00
    $0.00
    $165,300
    -
    $50,000
    $128,100
    $178,100

    Comparable in this City

    • Value Estimation by Request
      19,552 SF

      202 Main St

      RETAIL STORES (PERSONAL SERVICES) • 19,552 SF
      202 Main St, Elkton, MD 21921-5231
      View Details
    • Value Estimation by Request
      2,100 SF

      400 Pulaski Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      400 Pulaski Hwy, Elkton, MD 21921-6063
      View Details
    • Value Estimation by Request
      8,000 SF

      305 Augustine Herman Hwy

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      305 Augustine Herman Hwy, Elkton, MD 21921-6587
      View Details
    • Value Estimation by Request
      2,800 SF

      1829 Old Philadelphia Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      1829 Old Philadelphia Rd, Elkton, MD 21921-7001
      View Details
    • Value Estimation by Request
      12,091 SF

      301 Pulaski Hwy

      RETAIL STORES (PERSONAL SERVICES) • 12,091 SF
      301 Pulaski Hwy, Elkton, MD 21921-6415
      View Details
    • Value Estimation
      $220,000
      1,548 SF

      827 Pulaski Hwya

      RETAIL STORES (PERSONAL SERVICES) • 1,548 SF
      827 Pulaski Hwya, Elkton, MD 21921-4713
      View Details

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    132 Main St
    Elkton, MD 21921
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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